Wedbush Research Analysts Boost Earnings Estimates for Zumiez Inc. (ZUMZ)
Zumiez Inc. (NASDAQ:ZUMZ) – Research analysts at Wedbush increased their Q3 2017 earnings per share (EPS) estimates for shares of Zumiez in a research note issued to investors on Thursday. Wedbush analyst M. Brown now expects that the firm will post earnings per share of $0.32 for the quarter, up from their prior forecast of $0.21. Wedbush has a “Neutral” rating and a $18.00 price target on the stock. Wedbush also issued estimates for Zumiez’s FY2017 earnings at $0.82 EPS, Q1 2018 earnings at ($0.04) EPS, Q3 2018 earnings at $0.37 EPS, FY2018 earnings at $1.00 EPS and FY2019 earnings at $1.08 EPS.
ZUMZ has been the topic of several other reports. BMO Capital Markets reissued a “market perform” rating and set a $16.00 price target on shares of Zumiez in a research report on Saturday, September 10th. Mizuho boosted their price target on Zumiez from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, October 6th. Robert W. Baird boosted their price target on Zumiez from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. Stifel Nicolaus restated a “hold” rating and set a $17.00 price objective (up from $16.00) on shares of Zumiez in a report on Tuesday, September 13th. Finally, Jefferies Group restated a “hold” rating and set a $17.00 price objective on shares of Zumiez in a report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $18.07.
Zumiez (NASDAQ:ZUMZ) traded up 0.31% on Monday, reaching $22.34. 58,672 shares of the company’s stock were exchanged. The company has a market capitalization of $554.70 million, a PE ratio of 29.13 and a beta of 1.56. Zumiez has a 1-year low of $11.53 and a 1-year high of $23.07. The company has a 50 day moving average price of $17.78 and a 200-day moving average price of $16.55.
Zumiez (NASDAQ:ZUMZ) last posted its earnings results on Thursday, September 8th. The apparel and footwear maker reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.05. Zumiez had a net margin of 2.48% and a return on equity of 7.21%. The company had revenue of $178.30 million for the quarter, compared to analysts’ expectations of $177.35 million. During the same quarter in the prior year, the company posted $0.12 earnings per share. Zumiez’s revenue for the quarter was down .8% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently made changes to their positions in ZUMZ. FMR LLC raised its position in shares of Zumiez by 21.6% in the second quarter. FMR LLC now owns 2,620,069 shares of the apparel and footwear maker’s stock worth $37,493,000 after buying an additional 465,011 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Zumiez by 31.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,480,468 shares of the apparel and footwear maker’s stock worth $21,185,000 after buying an additional 352,967 shares during the period. Citadel Advisors LLC acquired a new position in shares of Zumiez during the second quarter worth about $2,851,000. Lombardia Capital Partners LLC raised its position in shares of Zumiez by 21.3% in the second quarter. Lombardia Capital Partners LLC now owns 1,093,013 shares of the apparel and footwear maker’s stock worth $15,641,000 after buying an additional 192,039 shares during the period. Finally, Point72 Asset Management L.P. acquired a new position in shares of Zumiez during the second quarter worth about $1,789,000. Institutional investors own 84.11% of the company’s stock.
Zumiez Inc is a specialty retailer of apparel, footwear, accessories and hardgoods for men and women. The Company operates under the names Zumiez and Blue Tomato. Additionally, the Company operates e-commerce Websites at www.zumiez.com and www.blue-tomato.com. Its product categories are men’s apparel, accessories, footwear, hardgoods and junior’s apparel.
Receive News & Ratings for Zumiez Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zumiez Inc. and related companies with MarketBeat.com's FREE daily email newsletter.